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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Spotify

🌎 spotify.com

Spotify is a digital music service that provides access to millions of songs, allowing users to stream music online. It features popular artists, albums, singles, and curated playlists, making it a leading platform in the music streaming industry.

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Spotify - Latest News and Updates

• Spotify's shares fell 9.6% after it forecasted lower-than-expected profit margins and subscriber growth for the current quarter, despite a 12% increase in subscribers to 268 million.
• Spotify reports a decrease in The Weeknd's monthly listeners from 118,191,710 to 116,545,877.
• Spotify paid over $100 million to podcasters in the first quarter of 2025 through ad revenues and its Spotify Partner Program.
• During Spotify's Q1 2025 earnings call, CEO Daniel Ek avoided providing a clear timeline for the long-teased 'super-premium' tier, despite the company's record subscriber growth.
• Spotify's subscribers increased by 12% in the first quarter, reaching 268 million, while monthly active users grew by 10% to 678 million, and the company reported a 14.2% rise in profit to 225 million euros.

• Spotify reached 268 million paying subscribers, marking its strongest first-quarter growth since 2020.
• Spotify paid over $100 million to podcasts in the first quarter, including Joe Rogan, Alex Cooper, and Theo Von.
• Former Spotify UK & Ireland managing director Tom Connaughton is now focusing on expanding Canvas Music's boutique distribution business with a strong emphasis on A&R.

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